{"id":97746,"date":"2025-10-25T18:50:12","date_gmt":"2025-10-25T18:50:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/97746\/"},"modified":"2025-10-25T18:50:12","modified_gmt":"2025-10-25T18:50:12","slug":"grindr-grnd-soars-18-9-on-billion-dollar-privatization-bid","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/97746\/","title":{"rendered":"Grindr (GRND) Soars 18.9% on Billion-Dollar Privatization Bid"},"content":{"rendered":"\n

We recently published 10 Stocks Beating Wall Street\u2019s Bets<\/a>. Grindr Inc. (NYSE:GRND) is one of the best performers on Friday.<\/p>\n

Grindr Inc. surged by 18.86 percent on Friday to close at $15.06 apiece as investors gobbled up shares following news that it was offered to be taken private for a transaction potentially worth $3.46 billion.<\/p>\n

In a statement, Grindr Inc. (NYSE:GRND) said that the privatization followed proposals from two large shareholders\u2014Ray Zage and James Lu, who already own more than 60 percent of the company\u2014to raise their ownership at a price of $18 per share. The figure represented a 19.5 percent upside potential from its latest closing price.<\/p>\n

\"Grindr Grindr (GRND) Soars 18.9% on Billion-Dollar Privatization Bid <\/p>\n

Pixabay\/Public Domain<\/p>\n

The plan followed reports that members of the board, alongside independent directors who form part of a special committee, showed a lack of interest in a possible transaction involving the firm.<\/p>\n

\u201cThe Special Committee, in consultation with its legal and financial advisors, is reviewing the unsolicited take-private proposal and will be evaluating the best path forward for all shareholders,\u201d Grindr Inc. (NYSE:GRND) said, adding that the proposed transaction was not guaranteed.<\/p>\n

While we acknowledge the potential of GRND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 30 Stocks That Should Double in 3 Years<\/a> and

Insider Monkey<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"We recently published 10 Stocks Beating Wall Street\u2019s Bets. Grindr Inc. (NYSE:GRND) is one of the best performers…\n","protected":false},"author":2,"featured_media":97747,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,65074,85,46,65075,19120],"class_list":["post-97746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-grindr-inc","tag-il","tag-israel","tag-james-lu","tag-transaction"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/97746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=97746"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/97746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/97747"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=97746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=97746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=97746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}